Lovesac Co reports results for the quarter ended October 31 - Earnings Summary

Lovesac Co

12/12/2024 14:32

* Lovesac Co  LOVE.OQ  reported a quarterly adjusted loss
of 32
cents​​ per share for the quarter ended October 31, lower than
the same quarter last year, when the company reported EPS of -15
cents.  The mean expectation of six analysts for the quarter was
for a loss of 35 cents per share. Wall Street expected
results to range from -40 cents to -28 cents per share.
    * Revenue fell 2.7% to $149.91 million from a year ago;
analysts
expected $155.26 million. 
    * Lovesac Co's reported EPS for the quarter was a loss of 32
cents​.
    * The company reported a quarterly loss of $4.93 million.
    * Lovesac Co shares had risen by 31.5% this quarter and
gained 47.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 101%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the home
furnishings
peer group is also "buy"

Wall Street's median 12-month price target for Lovesac Co is
$40.00 
This summary was machine generated from LSEG data December 12 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2024      -0.35          -0.32          Beat
 Jul. 31 2024      -0.44          -0.38          Beat
 Apr. 30 2024      -0.96          -0.83          Beat
 Jan. 31 2024      1.93           1.87           Missed